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Quote by Kenneth Arrow

“I don't believe that unemployment is all voluntary, by anticipation of future wage movements or this sort of thing. I know you can modify the models by taking into account the indivisibilities, but I don't really think that people are voluntarily unemployed.”

Quote by Kenneth Arrow

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Kenneth Arrow
Kenneth Arrow

Kenneth Arrow, born on August 23, 1921 in New York, USA, was a distinguished economist. He made significant contributions to the field of economics, particularly in general equilibrium theory and welfare economics. Arrow was awarded the Nobel Prize in Economic Sciences in 1972 for his pioneering contributions to the economic sciences. more

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